Very obvious why SP on Thursday jumped from 16 cents to 19 cents on open and later hit 23 cents.
It's called Le Cantro effect. On YMYC, Wednesday night he was praising stock this like it's the biggest thing he's ever seen.
Highlighting MC of $30 mln with that much in the bank is madness.
China will order squillions of puffers.
Blames the sell off entirely on a large Fund manager selling constantly from 60 cents.
He couldn't plug the tie up with Astra Zeneca enough.
He didn't mention the high cash burn rate.
Having just watched YMYC ( repeat from Wednesday night) I reckon it's probably going to see a fresh wave of buying on Monday. It certainly raised my interest but the charts, the high cash burn rate and my disbelief that one Fund manager could do so much damage makes me more skeptical.
Certainly worth watching tho.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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4 | 156378 | 0.014 |
4 | 500520 | 0.013 |
3 | 246580 | 0.012 |
2 | 696818 | 0.011 |
Price($) | Vol. | No. |
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0.017 | 270368 | 2 |
0.018 | 300000 | 1 |
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